Last recommended in Investment Digest issue 691, dated March 16, 2011, at $18.37 by Nate’s Notes.
“Though it managed to hold above $14 for most of the month of May, as you can see in the chart below (you can click the chart for a larger version), Electronic Arts Inc. (EA)‘s stock dropped below that level earlier this week... and once it did so, the chart became even uglier looking.
“As mentioned last month, I believe the current price on the stock will likely prove to be a great price ‘down the road’ for investors who buy it today... but over the near-term, the chart pattern that has been traced out over the past couple of years strongly suggests to me that we can afford to be extremely patient when it comes to building our positions. I am taking a few more chips off the table in this already small position, and you are encouraged to do so too. EA is a strong buy under $10 and a buy under $13.”
Nate Pile, Nate’s Notes, June 1, 2012